AI assistant
BORGWARNER INC — Director's Dealing 2013
Jan 4, 2013
30633_dirs_2013-01-04_353eef1c-7c77-4fa2-9249-ef0571e20286.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: BORGWARNER INC (BWA)
CIK: 0000908255
Period of Report: 2013-01-02
Reporting Person: BONANNO PHYLLIS O (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-01-02 | Phantom Stock | $ | A | 50.4142 | Acquired | Common Stock (50.4142) | Direct | |
| 2013-01-02 | Phantom Stock | $ | I | 12.5391 | Disposed | Common Stock (12.5391) | Direct |
Footnotes
F1: The number of phantom stock units were accrued under the BorgWarner Inc. Board of Directors Deferred Compensation Plan and are to be settled 100% in cash according to the terms of the plan.
F2: The phantom stock does not have an exercisable date or an expiration date.
F3: Each share of phantom stock entitled the reporting person to receive, on the Transaction Date, the cash equivalent of one share of BorgWarner common stock. Prior to payment, the reporting person had the right to transfer the value of the phantom stock account into an alternative investment account.
F4: Column 9 includes the reporting person's total phantom stock holdings under the BorgWarner Inc. Board of Directors Deferred Compensation Plan as of the date of this report.